Care Ratings: Agrochemicals Industry First Half Of FY21 Update
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Care Ratings Research Report
Production of agrochemicals (technical grade) has grown at 11.5% during H1 FY21.
Despite the impact of the coronavirus on the domestic market; two consecutive good monsoon seasons, vibrancy of the rural markets and a good sowing season has attributed to an increase in production.
New product launches has also supported the increase in manufacturing.
Total agrochemical exports have increased sharply by 13.4% during H1 FY21.
India mainly has exported agrochemicals to Brazil (19%), U.S (8%), Vietnam (6%), Bangladesh (5%), Australia (4%), Costa Rica (3%), France (3%) and Indonesia (3%).
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